Gold Editorials & Commentary

The best performing precious metal for the week was palladium, up 8.19% despite hedge funds taken their net-short position to record levels. Gold extended gains after a key U.S. jobs report fell well short of expectations in September, complicating a potential...

Poland’s central bank, the National Bank of Poland (NBP), which stunned gold markets back in 2019 when it purchased 100 tonnes of gold bars in London and then promptly flew the gold back to Warsaw, has just confirmed that it now plans to buy another 100 tonnes of...

“Gold going nowhere” seems to be a reasonable description of recent price action in the metals markets.

For those of you that don’t already know my position about the general market, allow me to state it once again: I do not believe that fundamentals of the economy or the market are the driver of the stock market. Rather, I believe that market sentiment is the main...

Note: in the first article in this series, Adrian Day discusses impending tapering by the Federal Reserve and its potential effect on U.S. markets. The second article discusses the macroeconomic environment in Europe, China, and emerging markets.

Investors are growing cautious as we approach the fourth quarter, and their trepidation is justified. Here’s a brief summary of the situation: there is a potential global financial crisis stemming from the Chinese property market meltdown, supply chain bottlenecks...

One often hears of a Chinese curse that states the cursed one should be destined to live in interesting times. This is intended to imply times of historical interest generally were not very idyllic for the people alive at that time. Many of whom did not survive to...

Part I of this article described how the Fed hides behind stable goods prices to disavow any responsibility for asset bubbles.  Part II, here, describes how the Fed hides behind ‘shortages’ and ‘supply chain disruptions’ to disavow any responsibility for higher...

Last week's action once again saw Gold forming its low in Wednesday's session, here doing so with the tag of the 1745.40 figure. From there, a sharp rally was seen into early-day Friday, with the metal running all the way up to a peak of 1782.40 - before selling...

Armored vehicle-enabled soldiers and the designers who build them understand that a main battle tank must balance three critical elements in order to "complete the mission."

As Congress finally came to an agreement yesterday to temporarily lift the debt ceiling, investors breathed a sigh of relief. The stock market bounced and commodity indexes ran up to new multi-year highs.

Yesterday's (Friday's) release of the stunningly weak StateSide September payrolls data momentarily towed Gold off the mat, (emphasis on "momentarily"). Here's how it looked, price pre-report at 1763 before swiftly climbing to 1782 -- a 13-day high -- only to give...

Contrary to first impressions, the title of this missive is not a reference to the centimetric dimensions of my waistline circa last December, but rather a timeline to a societal and economic state of change in which we as citizens of the West now reside.

A week ago on Thursday, the Dow Jones closed with a BEV value of -5.00%, which was a daily close outside of scoring position.  It was just the tiniest bit outside.  No matter, it was still a daily close not within 5% of its last all-time high.  This was a first...

Our proprietary cycle indicator remains DOWN. Gold sector is on long term SELL signal. Long term – on long term SELL signal. Short term – on buy signals. Gold sector cycle is down.

We herewith exchange thoughts on the real vs. surreal financial system. We specifically address the blunt reality of unimaginable debt levels, tanking GDP growth, rising inflation, negative-yielding bonds and declining consumer sentiment against a current...

Thank you for watching today’s free analysis. Please note that it is just a small fraction of the upcoming Gold & Silver Trading Alert. The latter is going to include over 40 charts and other premium details that are not available to 99%+ of investors.

Gold is really out of favor after suffering several sharp selloffs in recent months on Fed-tightening fears.  Speculators trading leveraged gold futures have been mostly short selling, while investors have been ignoring gold exchange-traded funds.  Driven by bearish...

“We need lower [consumer demand] growth to give the supply chain time to catch up, or differently spread out growth”, said Morten Engelstoft, chief executive of Maersk-owned APM Terminals, in September. Even though I’m fully aware of the supply-chain crisis,...

President Biden’s messy departure from Afghanistan has long reaching consequences casting a long shadow over his domestic plans into the upcoming midterms. For one thing, he dug himself a deeper hole when he vowed to conduct operations against ISIS-K. After the...

A massive financial system crisis building.  Evergrande is a small part of the cause but it may have been the “black swan” trigger. The move into the dollar is likely a reflexive flight to safety by professional investors globally and foreign banks. While it’s easy...

President Nixon’s unilateral decision to sever the last link between the dollar and gold had wide ranging and long lasting consequences for the global economy and for the entire monetary system. The end of sound money facilitated and accelerated the concentration of...

In our post on January 28, 2021 “Gold, The Tried-and-True Inflation Hedge for What’s Coming!” we outlined four reasons that we expect higher inflation over the next several years. The brief bullet points are:

With inflation more than two times lower in Europe than in the US, the divergence between the economic zones deepens day by day. How might it impact gold?

It took Wall Street a while to find out about inflation above 5%, but it seems that investors have finally noticed that we live now in a world of elevated inflation. I have always known that only the smartest minds work on Wall Street! So, right after they finally...

Six months ago, few Americans had heard of Evergrande. Now many worry this Chinese property developer’s downfall will start an economically devastating chain reaction.

Supply chain disruptions have created a scarcity of goods in some categories. At the same time, the U.S. government continues to flood the economy with dollars, trying to keep spending up and the economy out of recession. This combination of too many dollars chasing...

It serves no purpose to hold gold. Why should anyone hold gold when it has lost value against most other assets since 2009. At the end of this article, I will tell you when you must not hold gold and why I think gold will reach new highs shortly.

With inflation surging and Powell praying for a “transitory” miracle, the troubles confronting the Fed are accelerating, not decelerating.

The next update on the U.S. jobs market is due this Friday, and much will be made about whether or not it provides enough evidence for The Fed to begin tapering its current QE program. Of course, our concern is: how will the precious metals respond to the data?